OptiBiotix Health Subsidiary Inks License Agreement With Nutrilinea

LONDON (Alliance News) - OptiBiotix Health PLC on Monday said that subsidiary ProBiotix Health ...

Alliance News 20 May, 2019 | 1:20PM
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LONDON (Alliance News) - OptiBiotix Health PLC on Monday said that subsidiary ProBiotix Health Ltd has signed a licence agreement with Nutrilinea Srl.

The deal covers the use of Optibiotix's LPLDL in a food supplement for the reduction of high blood pressure.

Nutrilinea, an Italian company manufacturing food supplements, will cover the cost of all product development, manufacturing and human studies in return for 12 months exclusivity for the European market, the company explained. ProBiotix has exclusivity for the UK and all other markets outside Europe.

OptiBiotix Health shares were trading 2.2% higher at 85.35 pence each on Monday afternoon.

By Elena Cherubini; elenacherubini@alliancenews.com

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
OptiBiotix Health PLC 76.70 GBX 3.65 -
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